Prices of gold have gone up globally as Donald Trump is elected the President Of the United States of America.<\/p>\n
Investors dumped risky assets for gold which is a safe haven asset after it became apparent that Hillary Clinton will lose the race.<\/p>\n
Gold enjoyed its biggest daily rally since the Brexit vote, as investors shunned risky assets after markets priced-in a Clinton victory.<\/p>\n
The Japanese yen which is also a safe haven for investors also went up as investors went running for cover.<\/p>\n
Gold rose to $1,337.38 an ounce it marked its biggest single-day gain since June 24.<\/p>\n
The hike in the price of gold is good news for countries who export gold like Ghana, a plunge in the price of gold which has been ongoing for some time now and has seen revenue from gold drop for countries like Ghana.<\/p>\n
But market watchers believe the development will normalize soon.<\/p>\n
The London futures market fell more than four percent, while\u00a0US stock markets tumbled more than five percent in after-hours trading.<\/p>\n
US election result could trigger similar financial instability as seen after the EU referendum.<\/p>\n
–<\/p>\n
By:\u00a0\u00a0 Vivian Kai Lokko\/citibusinessnews.com\/Ghana<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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